Posted on July 27, 2016 by iMFdirect
By Ian Parry and Philippe Wingender
Version in 中文 (Chinese)
A single policy could do it all for China. A carbon tax—an upstream tax on the carbon content of fossil fuel supply—could dramatically cut greenhouse gases, save millions of lives, soothe the government’s fiscal anxieties, and boost green growth. Continue reading
Filed under: Asia, China, climate change, health, IMF, International Monetary Fund, technology, trade | Tagged: carbon dioxide, carbon tax, China, Climate change, CO2 emissions, coal, emissions trading system, fossil fuels, GDP, greenhouse gases, healthcare spending, IMF, iMFdirect, India, International Monetary Fund, Paris agreement, trade, United States | Leave a comment »
Posted on July 20, 2016 by iMFdirect
By Alejandro Werner
Versions in: Português (Portuguese), Español (Spanish)
Following a rough start at the beginning of the year, both external and domestic conditions in Latin America and the Caribbean have improved. But the outlook for the region is still uncertain.
Commodity prices have recovered since their February 2016 trough, but they are still expected to remain low for the foreseeable future. This has been accompanied by a brake—or even a reversal—in the large exchange rate depreciations in some of the largest economies in the region.
Filed under: Caribbean, Economic outlook, Emerging Markets, IMF, International Monetary Fund, Investment, Latin America, South America, trade, Transition | Tagged: Argentina, Brazil, Brexit, Central America, Chile, Colombia, Dominican Republic, Ecuador, exchange rate depreciation, export revenues, GDP, growth potential, IMF, iMFdirect, International Monetary Fund, Mexico, Peru, trade, Uruguay, Venezuela | Leave a comment »
Posted on July 20, 2016 by iMFdirect
(Versions in: Bulgarian, Czech, Estonian, Hungarian, Latvian, Lithuanian, Polish, Romanian, Russian, Serbian, and Slovenian)
The opening up of Eastern Europe to the rest of the world in the early 1990s brought about tremendous benefits. The inflow of capital and innovation has led to better institutions, better economic management, and higher efficiency. On the flip side, it has also led to sizable and persistent outflow of people.
Filed under: Advanced Economies, Economic research, Employment, euro zone, Europe, growth, income, Inequality, International Monetary Fund, Migration, refugees, unemployment | Tagged: advanced economies, Bulgaria, Czech Republic, East-West migration, eastern Europe, emigration, employment, Estonia, Europe, European Union, GDP, growth, Hungary, IMF, iMFdirect, International Monetary Fund, jobs, labor force, Latvia, Lithuania, pan-European, Romania, Russia, Slovakia, Slovenia | Leave a comment »
Posted on July 13, 2016 by iMFdirect
By Anne-Marie Gulde-Wolf
Version in Français (French), Português (Portuguese)
There are many reasons why deeper financial development—the increase in deposits and loans but also their accessibility and improved financial sector efficiency—is good for sustainable growth in sub-Saharan Africa. For one, it helps mobilize savings and to direct funds into productive uses, for example by providing the start-up capital for the next innovative enterprise. This in turn facilitates a more efficient allocation of resources and increases overall productivity.
Filed under: Africa, Economic outlook, Financial regulation, growth, IMF, International Monetary Fund, Investment | Tagged: financial inclusion, Financial regulation, financial sector, growth, IMF, iMFdirect, International Monetary Fund, investment, Pan-African banks, Regional Economic Outlook: Sub-Saharan Africa, stability, Sub-Saharan Africa | Leave a comment »
Posted on July 11, 2016 by iMFdirect
By Vivek Arora
Version in 中文 (Chinese), Español (Spanish)
IMF lending increased to unprecedented levels in the aftermath of the global financial crisis. As difficulties emerged, we extended financial support to countries across the world—in the euro area, Africa, Asia, the Middle East, and emerging economies in Europe.
The IMF tried to draw lessons in real time as the crisis evolved in order to adapt our operations. We reviewed individual programs and, from time to time, paused and took stock of our experience across countries.
Filed under: Economic research, Financial Crisis, Fiscal policy, IMF, International Monetary Fund, Multilateral Cooperation | Tagged: Africa, Arab Spring, Asia, crisis programs, emerging economies, Europe, financial crises, financing arrangements, fiscal policy, global financial crisis, IMF, iMFdirect, International Monetary Fund, Middle East, structural reforms | Leave a comment »
Posted on July 7, 2016 by iMFdirect
A suitcase filled with multiple passports? That’s not just the stuff of spy movies anymore. Increasingly, a growing number of high-net worth individuals are looking to have a passport portfolio. This has led to a proliferation of so-called citizenship-by-investment or economic citizenship programs that allow individuals from all over the world to legitimately acquire passports.
Filed under: Caribbean, Emerging Markets, IMF, International Monetary Fund, Investment | Tagged: capital inflows, Caribbean, economic citizenship, GDP, governance, IMF, iMFdirect, income growth, International Monetary Fund, investment, sustainable growth | Leave a comment »
Posted on July 1, 2016 by iMFdirect
By Sean Hagan and Ross Leckow
Since the 2008 global financial crisis, the international community has made a great deal of progress in strengthening legal frameworks governing the financial sector, but a great deal more needs to be done to implement international standards and develop appropriate approaches to emerging challenges.
Filed under: banking, Financial regulation, Government, IMF, International Monetary Fund | Tagged: AML/CFT, banking regulat, corresponding bank relationships, emerging economies, financial inclusion, financial stability, IMF, iMFdirect, International Monetary Fund, Islamic banking, law, legal frameworks, money laundering, shadow banking | Leave a comment »